Musk's net worth drops $34 billion amidst dispute with Trump
New York – Saba:
American businessman Elon Musk experienced an approximate $34 billion loss in his net worth in a single day, attributed to a public dispute with US President Donald Trump. Despite this significant drop, his fortune is now estimated at $335 billion, maintaining his position as the world's richest person, according to the Bloomberg Billionaires Index.
This loss represents the second-largest single-day decline in the index's history for Musk. The sharp decrease followed threats from Trump to potentially cancel government support and contracts with Musk's companies, Tesla and SpaceX. Consequently, Tesla shares plummeted by about 14.2% by Thursday's market close, leading to a loss of approximately $152 billion in the company's market value
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Musk's net worth drops $34 billion amidst dispute with Trump
New York – Saba: American businessman Elon Musk experienced an approximate $34 billion loss in his net worth in a single day, attributed to a public dispute with US President Donald Trump. Despite this significant drop, his fortune is now estimated at $335 billion, maintaining his position as the world's richest person, according to the Bloomberg Billionaires Index. This loss represents the second-largest single-day decline in the index's history for Musk. The sharp decrease followed threats from Trump to potentially cancel government support and contracts with Musk's companies, Tesla and SpaceX. Consequently, Tesla shares plummeted by about 14.2% by Thursday's market close, leading to a loss of approximately $152 billion in the company's market value Whatsapp Telegram Email Print
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